The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-05-19
HALF A DAY OF THE BOOM
transactions During Few Hours of
Rushing in Real Estate Circles.
Tow the Prospects for the Discovery of Nat
ural Gas Near the City Is Affecting the
Value of North-Side Property.

Yesterday forenoon was one OF the busiest
,.If DAYS the real estate agents and the recorder
ave experienced since the boom began. In the
.s,ornoon there were counter attractions for the
,-rsrs and sellers and few deeds were fled
1ha man who are handling the most property
- ,bere are no Indications Of relaxation in
~. market. The only thing .hat continues to
LA purchasers back is the inability to find pur-
.ho.eable property. There vacant lots scat
..rsa here and there around the city that are on
.bs market, but the majority of purchasers who
80 here want to buy from ten to fifteen lots ly-
g., together, and such tracts that are in the
,nsrket are remarkably hard to find. 81 spent
whole day with a Findlay o. man hunting
,omething that could be bought that would suit
him. said an agent, yesterday, land
"a didn't find anything There is
much desirable property in all directions around
.ha c;tv. but the men who own it are we'll fixed
financially, and cannot be induced to sell now,
~ are asking more than the property is really
worth Another difficulty is. some OF the most
desirable tracts around the corporation line
ovned by wellto-do arket-gardeners, who are
eating rich from the sale of their produce, and
q il foolish to ask them to sell lots off their
abduction ground They making from so
IN u per cent on their investment, and they can
nayer be dislodged until the city spreads out
over them" Farms south and west of the city
are being subdivided 1t a rapid rate. and many
tracts have already been contracted for by per-
sons representing Eastern manufacturers
IL is the general belief that gas will come into
The CITY from the north, and the land owners in
that direction are contemp plating great boom in
The future. Butler University owns considerable
very valuable property south of Seventh street.
md between College avenue and Ash. which will
20 rapidly when it is placed OF the market The
trustees of the university held a meeting Tues
aav afternoon to consider several offers for the
-~,er -
snt to authorize sale, action vas postponed I'M
al the June meeting. TwC rffers have been
eeiyed-one of $22, 500, The other of 500, 600.
The meeting, however directed President Blount
and DR. Jamison TO sell all other real estate be-
longing to the college at the market price This
puts on the market a large number of desirable
lots In the College avenue additions. and they
will probably not remain unsold many days.
The largest sale recorded yesterday was that
OF fourteen lots in Woodruff Place, by Henry
Cook, to Alfred F. Potts, for $4,000 cash. Mr..
Potts has recently returned from q visit East,
where he talked with capitalists regarding the
boom, and the future outlook of the city, and he
was so impressed with the feeling abroad that
he proposes to buy extensively for the future
MARKET The Woodlawn lots are still in demand,
and several were sold yesterday for $500 each.
Eight lots in Fletcher's northeast addition were
sold to Louis Newberger by Harry MilliRan, for
Sl925 The Arsenal Heights addition is attract
ing considerable attention, and, although the
property there is valued high, it will doubtless
all be sold before long. VIM. Johnson has paid
John j. Cooper So, 900 for an improved lot there.
The addition is beautifully situated, and is
ognlzed as Of the most desirable locations
for a homo around the city. The deeds record
ed were as follows
Mary E. Hogshre to Frank II. Rupert lot
234 in Johnson 81 Hogshires East
Washington-street addition to Indian
Edward Edward r. Bladen to John r. Greene, lot
SO in block A. in North Indianapolis. 100000
William d. Brooks to Christopher III.
Mating lot Fl in ID. X. Aliens subdi-
vision of lots 20 and 30 in Henderson's
addition to Indianapolis --..--.----. $500
Is, A. 5, 8. SO, 43. so, So 63, 6. AT.
149 and $50 in Woodruff Place 100000
Robert @. McCiin to Augustus L. Mason.
trustee, part of square 80, in Indianap-
William F. Elliott receiver to William H.
English, part of the northwest quarter
8 east e'.o - .cr 49, 100000
Emily b. Fletcher to Peter E. Noonan,
lot ISL in +. IT, S. K. e. A. E. Fetch
ers Woodlawn addition to Indianapolis. $4,000
Ellen Hancock ct al. to Richard b. Rob-
erts, part of lot in John Woods's
oils - 100000
and in Vonneguts subdivision of
lot Is in J. S. & X. Dunlaps addition to
George Calvin to Charles s. Grout, lot Is
in square Is in 5. A. Fletcher. jr.'s,
northeast addition to indianapolis 1880
The Berkshire Life Insurance Company
to Jacob S. Barth, lot 10 in Blakes sub
danapolis -. --..-.-...-----. 100000
OF the northeast quarter OF section a,
township Is north of range east, con-
tanning "a acres. $4,000
jackson Dawson to William Satterfeld
lot in Jackson Dawson's Broad Ripple
Jane G. Culrass to Mary and D. Fish, lots
lots 800 and 301 in E. T., s. X. and A.
danapoIis D. - 100000
Anderson, lot in O'Neal and Win
gates subdivision of part of square
lOl, in Indianapolis ---------------- 100000
Equitable Trust Company to Roger X.
Wrights subdivision in Indianapolis - 100000
Berkshire Life Insurance Company
Nancy E. Crist. lot 20 in Munson's SUBJ
division of lot 8 in Brinkmeyers addi-
ton to indianapolis. Observation-Disclosures $4,000
lots 1OI and 1O2 in Johnson and Hog
shires East Washington street addition
Union Mutual Life Insurance Company to
Fred A. Gregory, lot in Foster and
hannas rosubdivsion, in Indianapolis 10000
Charles E. Coffin. trustee. to Frank l..
Carter, lot IL in @. Il. Collins East Yer
mont.street addition TO indianapolis 10000
Engls Hartng to Magdalena Pfaf. lot 81,
los 4 indianapolis go = 49,. 10000
Jacob Walter to Anna Hauser. part of lots
apolis - =. - o1..o. ~, :. . 100000
Allen Delp TO George Aiig, lot s. in the
Peru u Indian apolis Railway Companys
49, - - :. -' 100000
Harry AIRY = Milligan. trustee to Louis New
berger eight lots in A. Fletcher. jr.s,
=, northeast addition to Indianapolis. 1925O0 |
hlcIarty OF 10 FRANCIS "
Sink. lot PAL in McCarty's seventh
Westside addition 20 Indianapolis 10000 |
Henry w. Bennett to Alice T.. Evans part
f. OK lots A, 5. and z. in Benefits sub.
Division in b. +. Morris's addition to
ZCO.OO
John j. Cooper to VIM. johnson, lot 10
IN T. A. Lewiss Arsenal Heights addi-
ton; also part of lot IL. in Yandes 81
Millunss subdivision of outlet 100, in
indianapolis. ---.--.--.-....- 100000 |
Conveyances, 81; consideration. $40, 172.5O
DuncnHax ANN CNnrCmu